The Edition


BML to provide essential services on May 4, 6

Mariyam Malsa
30 April 2020, MVT 19:29
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Mariyam Malsa
30 April 2020, MVT 19:29

Bank of Maldives (BML) on Thursday announced certain essential services will be provided to customers on May 4 and 6.

The bank issued a press release, declaring that the following services will be provided between 0930 to 1200 hrs:

International Transfers (TTs)

BML requested customers to email completed TT Application Forms with required documents to or submit the TT request through internet banking.

Requests received by 1100 hrs will be processed on the same day.

Payroll Processing

According to BML, payroll requests can be emailed along with the list of required documents detailed at services.

Payroll requests from BML accounts submitted prior to 1100 hrs will be processed on the same day, while requests from other bank accounts must be submitted before 1000 hrs to be processed on the same day.

ATM Cheque Processing

The bank stated that all clearing cheques deposited to ATMs will be cleared on the following working day.

However, BML cheques deposited before 1130 hrs will be processed on the same day.

Local bank transfers

BML will process ACH requests, submitted via internet banking, by 1000 hrs on the same day.

All RTGS (transfers above MVR 100,000) received through internet banking, and MRTGS requests received by email will be processed the same day if submitted before 1130 hrs.

The bank stated that all requests submitted after cut-off times will be processed on the following day.

BML noted that although the bank will not provide cash services at its branches, any customers who have received the required permission from authorities to leave their residences during lockdown, can withdraw and deposit cash at ATMs. BML's daily deposit limit is MVR 500,000 for businesses and MVR 100,000 for individuals.

Reiterating its commitment to safeguarding the health and safety of customers and employees, BML urged users to bank from home as all branches and service centres remain closed in accordance with lockdown measures enforced by the government.